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Power Plays: China’s Changing Energy Financing in Africa
Loans to Africa have been driven by China’s policy banks in support for coal and hydropower, but a more diverse cast of creditors could steer support towards greener ventures.
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
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New Fund Sabou Capital to Invest up to $1.5 Million in 25 African SMEs
The fund expects a modest 2-3x return on investment—closer to the 3- 5x range typical of private equity—compared to the high-risk 10x expectations of venture capital.
- Categories
- Energy, Environment, Technology, Transportation
- Region
- Sub-Saharan Africa
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Flutterwave CEO Targets Profitability ‘This Year’
Flutterwave, which has secured investment from Visa and US firm Tiger Global, among others, has built its success on processing payments for clients such as Uber and Nigerian airline Air Peace.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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New Report Highlights How the Energy and Agriculture Sectors Working Together Will Enhance Food Security Across Africa
The report Beyond Silos: Strengthening Nexus Collaboration to Power Food Systems with Off-Grid Solar addresses the intertwined nature of energy use, efficiency, sustainability, and productivity of food systems in Africa.
- Categories
- Agriculture, Energy, Technology
- Region
- Sub-Saharan Africa
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Ex-network International Execs Raise $6.75 Million for Enza, an African Fintech Serving Banks
The fintech, which has raised $6 million in seed funding, is building infrastructure for banks and fintechs, offering a range of local payment solutions, from cards to wallets to real-time payments.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, infrastructure, MSMEs, scale, startups
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Kamoa Copper and Crossboundary Energy Sign Agreement for a Groundbreaking Baseload Renewable Energy System in the DRC
This solar project is the first of its kind in Africa and will include a 222 MWp solar PV system and a 123 MVA/526 MWh battery energy storage system (BESS).
- Categories
- Energy, Technology
- Region
- Sub-Saharan Africa
- Tags
- mining, renewable energy, solar
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FG Launches $552.18 million HOPE-EDU Program to Transform Basic Education in Nigeria
According to Alausa, the HOPE-EDU program is structured to address the long-standing problems in Nigeria’s basic education sector.
- Categories
- Education
- Region
- Sub-Saharan Africa
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World Bank Approves Nigeria’s $632 Million Loans For Nutrition, Education
The approval marked a significant step towards addressing Nigeria’s economic challenges.
- Categories
- Agriculture, Education
- Region
- Sub-Saharan Africa
- Tags
- food security, lending, nutrition
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